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ACCA Strategic Professional · Strategic Business Leader · Stakeholder analysis and organisational social responsibility

Marlow Textiles reports separately on profit, on its effect on local river quality and employment, and on community health outcomes. Which concept does this three-part reporting best represent?

It is triple bottom line reporting. Marlow reports economic profit alongside environmental impact on the river and social outcomes such as employment and community health, matching the people, planet and profit structure rather than a balanced scorecard or purely statutory reporting.

  1. ATriple bottom line reporting covering economic, environmental and social performanceCorrect
  2. BBalanced scorecard reporting covering four perspectives
  3. CIntegrated reporting covering six capitals only for investors
  4. DStatutory financial reporting under IFRS

Explanation

Elkington's triple bottom line measures people, planet and profit, i.e. social, environmental and economic results. Marlow reports profit, river quality/employment and community health, which fits this. The balanced scorecard has a customer and learning perspective and is an internal tool.

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